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511 E Melbourne Avenue E

Melbourne, FL, 32901

Active

$650,000

5

Bedrooms

2

Bathrooms

1,886 sqft

Living Area

1954

Year Built

26,572

Lot Size (sqft)

Days on Market

Dock & Water AccessMLS

CreekCanal Front

Data sources: SFWMD AHED waterway polygons · FHWA National Bridge Inventory 2024 · Not provided by the MLS or listing broker.

Description

Direct waterfront property on scenic Crane Creek in the heart of Downtown Melbourne. This 1/2+ acre homesite is zoned R-3, offers public water & sewer, detached 800 sq/ft concrete block garage, navigable small-boat access to the Indian River Lagoon and the potential for a private dock (buyer to verify requirements). The existing 1,886 sq/ft residence is in need of substantial renovation and is being offered primarily for land value. Located just one block from Downtown Melbourne's restaurants, shopping, entertainment, and waterfront amenities, this property presents endless possibilities for a private estate, luxury waterfront residence, or future investment opportunity. Enjoy expansive water views, privacy, mature trees, and a truly irreplaceable location along Crane Creek. Bring your vision and create something extraordinary.

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Location

Melbourne, FL, 32901

No price history available for this property.

Displayed by Blue Mar Real Estate Group Inc., Licensed Florida Real Estate Broker (DBPR CQ1018554) · [email protected]

Listing courtesy of Home Wise Realty Group, Inc. via Space Coast MLS

Last checked: 1 hour ago

Listing updated: September 11, 2026

© 2026 Space Coast Association of REALTORS®, Inc. All rights reserved. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) program of the Space Coast Association of REALTORS®. Information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

FEMA Flood Zone X

Minimal Flood Hazard

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Mortgage Calculator

Estimate your monthly payment for this waterfront property

20%

$130,000 down

%
Principal & Interest$3,373/mo
Property Tax (est. ~1.2%, varies by county)$650/mo
Home Insurance (est.)$250/mo
Total Monthly Payment$4,273
Loan Amount: $520,000Rate: 6.75%
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$650,000Tour the dockSchedule a Showing